Intel's self-driving company Mobileye's IPO price is set at $21 a share, above guidance
Pinwan, October 26, according to the "Wall Street Journal" reported on October 26, people familiar with the matter revealed that Intel's self-driving technology company Mobileye's initial public offering price in the United States was set at $21.00 per share, up from $18 per share. - The company's offering price guidance range of $20. Mobileye raised $861 million by selling 41 million shares, valuing the company at about $17 billion, people familiar with the matter said. That's more than the $15.3 billion Intel paid for Mobileye in 2017, but it's a far cry from the chip giant's initial target of $50 billion or more when it announced plans to go public.